Malaysia’s 2020 fiscal deficit target a ‘challenge’


Malaysia's Finance Minister Lim Guan Eng speaks during an interview with Reuters in Putrajaya, Malaysia, July 22, 2019. - Reuters

KUALA LUMPUR: Malaysia will find it challenging to meet its 3% fiscal deficit target for next year due to uncertainties around the US-China trade war, the finance minister told Reuters in an interview.

South-East Asia’s third-largest economy is dealing with a debt pile of over RM1 trillion (US$243.19bil), which the administration of Prime Minister Tun Dr Mahathir Mohamad has blamed on mismanagement by the previous government.

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Malaysia , Lim Guan Eng , fiscal , deficit , 2020 , target , challenge , US , China , trade , war ,

   

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